Seoul Committee
Clears Share Sales
By KDIC, Others

SEOUL -- A South Korean government committee approved share-sale plans by state-run agencies for this year, setting the stage for trillions of won in share offerings.

State-run Korea Deposit Insurance Corp. aims to sell up to a 28% stake, valued at about five trillion won, or some $5 billion, in Woori Finance Holdings Co. starting this year through various methods, including a block sale and share offerings.